China-Iran trade at $31.2b in 2016

TEHRAN- Trade between Iran and China slipped down to $31.2 billion in 2016, Tasnim news agency reported on Saturday.

Based on the latest data released by General Administration of Customs of the People's Republic of China, the announced figure shows 7.7 percent decrease compared to that of the preceding year.
The two countries’ bilateral trade in 2015 was reportedly above $33.8 billion.
Iran-China trade balance was more than $1.6 billion in 2016 and in China’s favor.